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Claiborne Benson Smith Sells 5,202 Shares of Arq, Inc. (NASDAQ:ARQ) Stock

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Arq, Inc. (NASDAQ:ARQ - Get Free Report) insider Claiborne Benson Smith sold 5,202 shares of ARQ stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $24,345.36. Following the sale, the insider now owns 85,029 shares of the company's stock, valued at $397,935.72. The trade was a 5.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ARQ Stock Down 3.5 %

Shares of NASDAQ:ARQ traded down $0.15 during trading hours on Friday, hitting $4.18. The company's stock had a trading volume of 291,096 shares, compared to its average volume of 265,553. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. The firm's fifty day moving average price is $5.50 and its 200 day moving average price is $6.15. Arq, Inc. has a 52 week low of $4.01 and a 52 week high of $8.26. The company has a market capitalization of $175.62 million, a price-to-earnings ratio of -418.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. During the same period last year, the business posted $0.14 EPS. As a group, research analysts expect that Arq, Inc. will post -0.13 EPS for the current year.

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Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their target price on shares of ARQ from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th.

View Our Latest Analysis on ARQ

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Firsthand Capital Management Inc. acquired a new stake in ARQ during the 3rd quarter valued at approximately $40,000. Avanza Fonder AB acquired a new position in ARQ during the fourth quarter valued at $68,000. Price T Rowe Associates Inc. MD purchased a new stake in ARQ in the fourth quarter valued at $79,000. Intech Investment Management LLC acquired a new stake in ARQ during the 4th quarter worth about $89,000. Finally, SG Americas Securities LLC acquired a new stake in ARQ during the 4th quarter worth about $95,000. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

ARQ Company Profile

(Get Free Report)

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.

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